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Obviously you didn't read the transcript of the APS workshop on Climate Change. If you had, you'd have learned that both sides agree that CO2 is a greenhouse gas. Also both sides agree that mankind (especially fossil fuels) has substantially increased the amount of CO2 in the atmosphere. And...

The official statements of a "science org" is the last group to admit to changes in science. To see how the future is unfolding you have to take a good look at how a "science org" determines its positions. This is done by the members through very well defined methods. If you open your eyes you...

I'm certain that QE has been very effective and I have little doubt that it will seen that way in the future. Yes, the economy has been crappy but without QE there's no doubt that it would have been worse. The "lost decades" is more like a flat decade but the usual experience for this sort of...

My problem with the extent of government support for "poor" people is not in the fraud, but instead in what it means for the inevitable movement of US society towards a nationalist socialist state. My lefty buddies are all in favor of socialism and against nationalism. What they don't realize is...

Excellent advice. I'm tempted to start a sim just to see if I get lucky. Who knows, maybe somebody will pay me for it, LOL.

It is interesting that so many central banks are doing the QE thing. I have to suspect that the underlying problem is the reduction in fertility and the graying of the world's industrial population. Basically we're getting sucked down the same sewer drain that Japan's been exploring for a...

Since I'm a member of the APS I can bring you up to date on the above statement which is from 8 years ago. It was written by a small number of people and when it came out there were a lot of complaints from the membership. The basic problem was that only one side of a substantive issue was...

The most logical way to argue that the US is a bad or expensive place to raise children is by comparison with other countries. What do you want to compare with, the costs of rabbits and bears? And before I brought up Germany, here you are comparing US costs with, of all places, Hong Kong: I'm...

The above is a good example of a post consisting of empty rhetoric only. If you don't have any logic on your side, maybe you'll make an impression by banging on the table with your shoe! So let's move on to "solutions". Coming from Germany, we know what kind of solutions you guys are famous...

1) High cost of Childcare: This is about labor costs. Hiring an employee in the US is extremely expensive because of Democratic policies. What they did was arrange for these taxes to be paid by the employer so that they do not appear on the employees paycheck. But the effect is the same. An...

That's right, it's different this time!

I think that it is possible to predict a Black Swan but only when you're very close to its occurrence. The usual stock market advice is to never panic. But if you do have to panic, try to panic before everyone else does. To get a good Black Tuesday kind of sell-off, you need to begin from very...

I think your numbers are about right but you could say the same thing about a whole bunch of other things. Just because it was unnaturally cheap during the 1970s does not mean it can or should be unnaturally cheap now. A lot of things have changed since then. During the 1970s, education was...

"A college degree costs more now but delivers less. In the 1950s and 1960s, college graduates working in low-paying, dead-end service jobs was unheard of; now, it’s common." Let me translate this: If an industry massively over produces a product, bad things happen. Product sits on the shelves...

As far as money printing ruining the value of the dollar, I think the thing to watch for would be a sudden increase in the velocity of money. Right now wealthy people and corporations are sitting on huge amounts of cash. Inflation really needs those people to begin spending. And I think that...

Autodidact, I think that's a good entry. (Uh, having me approve of your entry is arguably the worst thing anyone could say.)

As far as Monday being "black", the ones I remember were preceded by Fridays that closed near the lows. For now, my guess is that there will buying of the dips.

If your crude is evaporating, you may be in violation of EPA rules. One of the odd things you see in tanks intended to hold crude are "floating lids". That is, the lid moves up and down as the oil level rises and falls. The reason for doing this is to give the oil less air to evaporate into...

Prop firm will probably teach you a lot better than Lightspeed.

A couple of paragraphs from the article: ... Bin Laden viewed his terrorism as a prologue to a caliphate he did not expect to see in his lifetime. His organization was flexible, operating as a geographically diffuse network of autonomous cells. The Islamic State, by contrast, requires territory...